The post Pepe Struggling to Break Above Resistance, Will Bears Let a Price Rise Above $0.000008? appeared first on Coinpedia Fintech News
As the Bitcoin price rebounded from lows near $60,000, the markets appear to have gained significant momentum. The Pepe price has led the memecoins by marking three consecutive bullish signals after a fierce battle between the bulls and the bears. Now that the price has triggered a bullish upswing, it is intriguing to observe whether all the other memecoins will regain strength, as witnessed previously in March. 
The current trade setup suggests that the PEPE price is attempting to break above the resistance after bouncing from the lower boundary of the bullish pattern. Presently, the price is testing the upper resistance of the channel, and a breakout beyond the range may present fresh buying opportunities for the token. On the other hand, the bears are determined to restrict the rally within the pattern, increasing the likelihood of forming another lower high. 
Will the bulls be trapped at $0.00000682, or is a breakout above $0.000007 on the horizon?

Pepe 努力突破阻力位后，空头会让价格升至 0.000008 美元上方吗？随着比特币价格从接近 60,000 美元的低点反弹，市场似乎获得了显着的动力。在多头和空头之间的激烈战斗之后，佩佩价格连续三个看涨信号，引领了模因币的价格。既然价格已经引发了看涨上涨，那么观察所有其他 memecoin 是否会像 3 月份所见的那样恢复强势是很有趣的。当前的交易设置表明，PEPE 价格在从看涨模式的下限反弹后正试图突破阻力位。目前，价格正在测试通道的上部阻力，突破该范围可能会为该代币带来新的买入机会。另一方面，空头决心将反弹限制在该模式内，从而增加了形成另一个较低高点的可能性。多头会被困在 0.00000682 美元，还是即将突破 0.000007 美元？

Since the price triggered a breakout above the $0.000001 range and marked highs above $0.00001, traders have been vigilant and appear to be closely monitoring the market trend. The fluctuating volume and the rally sustained within a descending channel support this claim. Market participants seem to have turned bearish on Pepe as the Ichimoku cloud turns red and the OBV maintains a fresh bullish reversal, indicating the availability of liquidity on the platform. 
This suggests that buy-sell-trade executions may be facilitated with ease, which could sustain the token's volatility to a significant extent. The price is currently facing some bearish pressure, indicating a minor pullback on the horizon. Hence, a plunge below $0.000006 could be imminent if the bulls fail to break above the upper resistance. Unless the PEPE price sustains above the crucial range at $0.0000065, the possibility of a bullish reversal remains high. 
Therefore, the next few days could be crucial for the Pepe (PEPE) price, as a rejection from the upper resistance may pave the way for a fresh plunge, or a rise beyond $0.00000930 is imminent.

由于价格突破 0.000001 美元区间并创下 0.00001 美元以上高点，交易者一直保持警惕，似乎正在密切关注市场趋势。成交量的波动和下降通道内持续的反弹支持了这一说法。随着 Ichimoku 云变红且 OBV 保持新的看涨反转，表明平台上存在流动性，市场参与者似乎开始看跌 Pepe。这表明买卖交易的执行可能会很容易，这可以在很大程度上维持代币的波动性。目前价格面临一些看跌压力，表明即将出现小幅回调。因此，如果多头未能突破上方阻力位，则跌破 0.000006 美元可能迫在眉睫。除非 PEPE 价格维持在 0.0000065 美元的关键区间之上，否则看涨逆转的可能性仍然很高。因此，未来几天对 Pepe (PEPE) 价格至关重要，因为上方阻力位的拒绝可能为新的暴跌铺平道路，或者即将突破 0.00000930 美元。